MILAN — Benetton Group SpA said Thursday that third-quarter net profits gained 12 percent and forecast upper-midsingle-digit revenues and earnings growth for the full year.
For the three months through Sept. 30, net profits reached 38 million euros, or $57.3 million, in line with analysts’ estimates. Revenues grew 6.9 percent to 538 million euros, or $810.6 million, buoyed by increased volumes, sales of higher value products, and gains in emerging markets, where the company has been opening stores.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)